Want this question answered?

Be notified when an answer is posted

Study guides

Jazz Music

22 cards

Why is Sandra on the Cosby Show white

What is the first talkie film in the world

What city is the home of the preservation hall jazz band

Who was john logie bairds father

See all cards
8 Reviews

Add your answer:

Earn +20 pts
Q: What would be done if a mobile home got repossessed on the principle balance was paid?
Write your answer...
Still have questions?
magnify glass
Related questions

What is the legal process by which a mobile home is repossessed?

That would depend on which province or state that you live in. -You haven't said.

Are mobile homes considered repossessed or foreclosed?

that would depend on whether you own it outright, or it is the subject of a personal loan, or a mortgage.

Why would you get a refund for overpayment on a repossessed car?

When a vehicle is repossessed, it will eventually be sold at auction. Occassionally, the amount received from the sale is greater than the balance owed. On these occassions, the excess is sent to the debtor.

What is the formula to calculate accrued interest on a loan?

Current (principle balance) x (interest rate per year) x (amount of time). Examples: ~for calculating monthly interest, it would be (principle balance) x (interest rate) / 12. ~for daily interest, it would be (principle balance) x (interest rate) / 365.

Can the cabinets be removed before a mobile home is repossessed?

I very much doubt it. -Usually they would be considered an integral part of the home.

What is the number to check your credit balance on a 3 phone?

dial 1744 on your mobile phone. if you would like your balance to come up on the screen dial 1745 from your mobile phone.

Is a co-buyer responsible for paying off a loan if the buyer has no job and the vehicle was repossessed?

Yes, he or she would be equally responsible for the repayment of the loan balance.

What would happen if the car that is to be repossessed doesn't exist anymore?

you will pay the balance that car would be worth unless it wasw reported stolen real early/ before repo

Can your wages be garnished for a car that was repossessed?

Yes, if there was a deficiency balance owing after the car was sold at auction. Your creditor would have to sue you and obtain judgment in order to garnish your wages.

How do you know my friend mobile balance?

Your 'friend' would need to contact their service provider. You have no right to access that information !

If you invest 70000 at 12 return what is it worth in 15 years?

The answer depends on how the interest is compounded - but in simple interest compounded annually on $70,000 at 12 percent, the total value would be $383,150. The first year the investment would earn $8,400 ($70,000 x .12), and the "principle balance" would increase to $78,400. The second year interest would be earned on $78,400 ($70,000 + $8,400 earned in year one), which would be $9,408 ($78,400 x .12), making the new principle balance $87,808. Interest in the fifteenth year would be $41,052 paid on a principle balance of $342,098, for a total of $383,150.

Can you sue a co-debtor for the balance remaining after your repossessed car was sold if the co-debtor was declared responsible for the debt by the court but never paid?

Yes, you can sue a co debtor for at least half of the remaining balance. You would owe part of it as well.

People also asked